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First Trust Dow Jones Select MicroCap Index Fund
FDM

84 hedge funds and large institutions have $132M invested in First Trust Dow Jones Select MicroCap Index Fund in 2025 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 27 increasing their positions, 23 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

300% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 3

17% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 23

12% more funds holding

Funds holding: 75 → 84 (+9)

10% more capital invested

Capital invested by funds: $120M → $132M (+$12.3M)

1.42% more ownership

Funds ownership: 59.48% → 60.9% (+1.4%)

Holders
84
Holders Change
+9
Holders Change %
+12%
% of All Funds
1.02%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
27
Reduced
23
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Raymond James Financial
Raymond James Financial
Florida
+$1.4M
2
Citadel Advisors
Citadel Advisors
Florida
+$711K
3
LPL Financial
LPL Financial
California
+$661K
4
PAG
Private Advisory Group
Washington
+$650K
5
SA
Sanctuary Advisors
Indiana
+$413K

Top Sellers

1
HF
HRT Financial
New York
-$1.06M
2
Bank of America
Bank of America
North Carolina
-$662K
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$615K
4
Two Sigma Investments
Two Sigma Investments
New York
-$569K
5
CP
Camelot Portfolios
Ohio
-$274K
Name Holding Trade Value Shares
Change 		Change in
Stake
AF
26
Allworth Financial
California
$938K -$1.77K -23 -0.2%
Cetera Investment Advisers
27
Cetera Investment Advisers
Illinois
$874K -$50.5K -657 -6%
Mariner
28
Mariner
Kansas
$867K – – –
Osaic Holdings
29
Osaic Holdings
Arizona
$852K +$77.2K +1,005 +10%
FTS
30
Fifth Third Securities
Ohio
$776K +$60.7K +790 +9%
Citadel Advisors
31
Citadel Advisors
Florida
$737K +$711K +9,258 New
AWM
32
Apollon Wealth Management
South Carolina
$735K -$25.1K -327 -3%
EP
33
E6 Portfolios
Utah
$715K +$690K +8,975 New
SMC
34
Smith, Moore & Co
Missouri
$694K +$33.9K +441 +5%
SA
35
Sanctuary Advisors
Indiana
$690K +$413K +5,377 +164%
PSF
36
Pacific Sun Financial
California
$643K -$9.99K -130 -2%
AFP
37
Ausdal Financial Partners
Iowa
$613K +$384 +5 +0.1%
Mercer Global Advisors
38
Mercer Global Advisors
Colorado
$563K -$54.8K -713 -9%
Royal Bank of Canada
39
Royal Bank of Canada
Ontario, Canada
$518K +$215K +2,798 +75%
Two Sigma Investments
40
Two Sigma Investments
New York
$494K -$569K -7,400 -54%
CAPTRUST Financial Advisors
41
CAPTRUST Financial Advisors
North Carolina
$493K – – –
WWMSC
42
Wagner Wealth Management (South Carolina)
South Carolina
$461K +$2.15K +28 +0.5%
HighTower Advisors
43
HighTower Advisors
Illinois
$417K +$65.2K +848 +19%
GAM
44
Gemmer Asset Management
California
$361K +$6.53K +85 +2%
SAM
45
Smithbridge Asset Management
Pennsylvania
$341K +$112K +1,456 +51%
KAS
46
Kestra Advisory Services
Texas
$336K -$16K -208 -5%
BCA
47
Bay Colony Advisors
Massachusetts
$306K -$193K -2,510 -40%
Brown Advisory
48
Brown Advisory
Maryland
$300K +$290K +3,770 New
E
49
Entelevest
Florida
$274K +$264K +3,441 New
AIC
50
Allodium Investment Consultants
Minnesota
$271K – – –
1
2
3 4

FDM Hedge Fund Activity: Q4 2025 in Review

84 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in First Trust Dow Jones Select MicroCap Index Fund (FDM) for Q4 2025, worth a combined $132M — up 10% from $120M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new FDM positions and 3 closed out — a net gain of 9 holders — while 27 added to existing stakes and 23 trimmed.

The largest buyer was Raymond James Financial, adding an estimated $1.4M. The largest seller was HRT Financial, exiting entirely with an estimated $1.06M sold.

  • 84 institutional investors held First Trust Dow Jones Select MicroCap Index Fund (FDM) as of Q4 2025, up from 75 in Q3 2025.
  • Funds reported $132M of First Trust Dow Jones Select MicroCap Index Fund stock for Q4 2025, up 10% quarter-over-quarter.
  • 12 funds opened new First Trust Dow Jones Select MicroCap Index Fund positions in Q4 2025 and 3 closed out, a net change of +9 holders.
  • The largest First Trust Dow Jones Select MicroCap Index Fund buyer in Q4 2025 was Raymond James Financial, an estimated $1.4M added.
  • The largest First Trust Dow Jones Select MicroCap Index Fund seller in Q4 2025 was HRT Financial, an estimated $1.06M sold.

Based on aggregated 13F filings for Q4 2025.